Common use of Subchapter S Corporation Clause in Contracts

Subchapter S Corporation. if Borrower is a Subchapter S -------------------------- corporation, make distributions to its shareholders during any fiscal year of Borrower in an aggregate amount greater than the amount necessary to pay federal and state income taxes upon Borrower's undistributed income for such year;

Subchapter S Corporation. if Borrower is a the Borrowers are Subchapter S -------------------------- corporationcorporations, make distributions to its their shareholders during any fiscal year of Borrower the Borrowers in an aggregate amount greater than the amount necessary to pay federal and state income taxes upon Borrower's the Borrowers’ undistributed income for such year;

Subchapter S Corporation. if Borrower is a Subchapter S -------------------------- corporation, make distributions to its shareholders and/or members during any fiscal year of Borrower in an aggregate amount greater than the amount necessary to pay federal and state income taxes upon Borrower's undistributed income for such year;

Subchapter S Corporation. if Borrower is a Subchapter S -------------------------- corporation, make distributions to its shareholders during any fiscal year of Borrower in an aggregate amount greater than the amount necessary to pay federal and state income taxes upon Borrower's undistributed income for such year;

Subchapter S Corporation. if Borrower is a Subchapter S -------------------------- corporation, make distributions to its shareholders during any fiscal year of Borrower in an aggregate amount greater than the amount necessary to pay federal and state income taxes upon Borrower's ’s undistributed income for such year;

Subchapter S Corporation. if Borrower is a Subchapter S -------------------------- corporation, make distributions to its shareholders during any fiscal year of Borrower in an aggregate amount greater than the amount necessary to pay federal and state income taxes upon Borrower's undistributed income for such year;,

Subchapter S Corporation. if Borrower is a Subchapter S -------------------------- corporation, make distributions to its shareholders during any fiscal year of Borrower in an aggregate amount greater than at least equal to the amount necessary to pay federal and state income taxes upon Borrower's undistributed income for such year;